Investment Q&A

Q: Good Morning Peter and Team
From a tax perspective are ALA.R and ALA considered distinct and separate equities with respect to the 30 day rule? Could I sell ALA.R at a taxable capital loss and then acquire ALA within 30 days?
Thanks for your great service.
Don

Q: In a reply to Aubrey on Tuesday you recommended crystallizing a loss in SPE and buying VET for the tax benefit. I hold SPE shares at a cost of $9.03, but I totally fail to see any tax benefit in selling SPE and buying VET. Why not just wait for the share conversion a 0.1476 per SPE share? Please explain the tax benefit of selling SPE at a loss.

Q: Hi
I need to get smarter about regulations. If I were to move $5.5k from a non- Registerred Account to a TFSA could I simply transfer shares? Or must I sell, raise cash, move cash, buy back in TFSA account?
Thx Frank

Q: I am wondering if there is any withholding tax, or other tax consequences, to holding BPY.UN in a TFSA. What is your opinion on the company for an income investor seeking income growth.

Q: I hold this stock on the Canadian side of my portfolio in Canadian $
TD in their tax package has listed it as a US holding
When I bought originally ( on 5i recommendation in 2015? ) I thought it was a Canadian stock
Td has said because it's incorporated in US it's considered a foreign holding although the headquarters is in Canada
Is this correct? That it has to be listed on the T1135
Form ?
Appreciate your help
Ty

Q: What are the tax implications of buying US REITs in a non registered account?

Q: I took a loss on KWH.UN in 2017 ( one of very few losses on 5i recommendations!) . Is the Return of Capital reported on the Crius T3 added or deducted from the Cost Basis? Thanks!

Q: In the question asked by Marco on April 4, "If I sell a stock in a TFSA....",
I'm pretty sure you mean "net loss", not "not loss" in your answer, but please confirm. I have thinking about this lately re PLI now in a non registered account.
Many Thanks.

Gerry

Q: If I sell at a loss in a TFSA do I need to wait 30 days to repurchase even though I cannot claim a tax loss?

Q: Hello -

Even though these two ETF's trade on the TSX, there are foreign companies within their respective portfolios, For this reason, would ownership of these ETF's in open accounts count towards the $100,000 of foreign property that one needs to disclose?

Thanks.
Jim

Q: Further to Andrzej question, net capital loss means that the 50% reduction has already been applied, so his gross capital losses are $111,000, which means that his taxable amount for 2017 is $8,000 (($127,000 - $111,000)*50%). On the tax return, the net capital loss carry-forward is reported separately from the current year gain as a deduction from net income to arrive at taxable income.

Q: Hi 5i

In 2017 I sold everything in my RBC margin account, and I have made Totals Gain of $127,000 as per RBC Direct investing statement for 2017.
I have also Unused Net Capital Losses from other years of $55,500.

Please tell me how much maximum of my Unused Net Capital Losses from other years of $55,500 can I use to offset my gains in 2017 income tax return.
Andrew.

Q: HXS is a swap based ETF and VFV has a traditional ETF structure.
If these are held in a non-registered account I understand that the VFV
adjusted cost base likely changes every Year due to distributions and
creates "tax tracking" paperwork. Am I correct in assuming the adjusted
cost base base of HXS will not change every Year because there are
no distributions and hence "no tax tracking" paperwork?
I essentially want to buy HXS and hold for the long term and
not have to concern myself with annual changes to ACB
usually associated with ETF's.

thanks in advance

Q: if i purchase a stock and sell it for a profit is the 30 day rule to repurchase in effect?

Q: RE the 30 day rule. If I sell a stock in my margin account, can I buy it back same day in my TFSA and still claim loss? If not can I purchase it in my TFSA first then sell it from my margin account? Thanks James

Q: I'd like to understand the taxing of distributions/Dividends better

For example CAD dividends receive the dividend tax credit. But other distributions are taxed as interest, others maybe capital gains? like AW income fund. REITs etc

Could you outline the different types of taxation that can happen for cash paid out from a publicly traded canadian security, AND how to distinguish what type of distribution a certain security makes.

Q: With re balancing in my cash account I have a capital gain of $25,000 in 2018. If I were to sell my CGX, ENB and GUD I would have a loss of $14,000. My thinking is that this loss would offset the capital gains.

I intend to re buy these 3 stocks after the 30 day period,

Does this make sense?

Thank you

Sincerely

Mike

Q: Hi. Wondering about what types of investments to put where. How about this:
Non- Registerred Account: Canadian Dividend payers to maximize the dividend tax credit.
Registerred Account: interest bearing instruments, REIT’s, MLP’s etc
TFSA: growth stocks ( Canada and International)
Appreciate your comments.
Thx Frank

Q: Could you tell me if i transferred all of my holdings, eg. Stocks, Etf's from an RSP into a TFSA, if i would take a tax hit? If i did, would it not make sense to do it, thanks?

Q: Further to Peter’s question this morning about passive income earned within a corporation, given the new punitive tax rules that are being implemented, limiting fair taxation to the first $50,000 of income, what stocks should he be switching out of to limit his annual income? He was asking for stocks that did not pay a dividend.

A note to fellow member Peter, which is that you still have to be very careful when realizing capital gains, because they too will be treated as income, just at the 50% inclusion rate. So if you have some dividend income still, and you realize capital gains of $100k in a single year, you’ll still go over the $50,000 threshold. I personally don’t know of a way around it, but the stocks you mentioned already have a preferential tax treatment, so short of removing funds from the corporation and investing outside of it, I don’t see a way around it. I’d be very curious to know how other members are handling this new tax. Any chance of writing an article about this, as I’m sure in your wide membership base, there must be a good number of people affected by this.